Us Oil Prices
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U.S. Oil Busts Through $90/Bbl For First Time Since 2014
Global benchmark Brent crude settled at $91.11 a barrel, up $1.64, or 1.8%, while West Texas Intermediate crude soared $2.01, or 2.3%, higher to end at $90.27 a barrel, the first time the U.S. benchmark has closed above the $90-level since Oct.6, 2014.
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U.S. Oil Busts Through $90/Bbl For First Time Since 2014
Oil prices surged in late-day trading Thursday, sending the U.S. crude benchmark through $90 a barrel for the first time since 2014 due to ongoing supply worries and as frigid weather cascades across the United States.
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Oil Prices Edge Higher As US Oil Inventories Fall
In the United States, the average number of daily confirmed coronavirus cases hit a record high of 258,312 over the last seven days, a Reuters tally on Wednesday found.
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Amid Rising US Fuel Prices, Joe Biden's Message For "Bragging" Oil CEOs
President Joe Biden is "frustrated" by big oil CEOs "bragging" about profits when fuel prices are soaring for ordinary Americans, the White House said Tuesday.
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US Set To Unveil Emergency Oil Release In Bid To Fight High Prices
The United States is expected to announce a loan of crude oil from its emergency stockpile on Tuesday as part of a plan it hashed out with major Asian energy consumers to lower energy prices.
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Day After Historic Crash, US Oil Prices Rebound At $10.01 Per Barrel
A day after its historic slide into negative territory amid a supply glut, US oil futures finished in positive territory Tuesday although the market remained under heavy pressure.
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Trump Orders Plan To Fund US Oil Firms After Record Low Prices
US President Donald Trump on Tuesday ordered his administration to come up with a plan to aid US oil companies struggling with a massive supply glut and record-low crude prices.
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US Oil Prices Rebound Into Positive Territory After Historic Crash
US oil prices rebounded above zero Tuesday, a day after futures ended in negative territory for the first time as a coronavirus-triggered collapse in demand leaves the world awash in crude.
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US To Add 75 Million Barrels Of Oil To Strategic Reserves, Says Trump
President Donald Trump said Monday the US would take advantage of the historic drop in oil prices to buy 75 million barrels to replenish the national strategic stockpile.
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US Crude Oil Price Goes Negative For The First Time In History
The US benchmark crude oil price collapsed on Monday, falling to one cent a barrel amid an epic supply glut caused largely by the coronavirus pandemic's hit to demand.
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US Oil Prices Top $50 Per Barrel For First Time Since June
The drop in US oil inventories in Wednesday's weekly US report added to momentum after last week's OPEC announcement of an output cut.
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US Investors Look for Trough in Profit Downturn
As earnings season shifts into high gear next week in what is expected to be the weakest US quarterly results reporting period since 2009, the hope among some is that this is as bad as it's going to get.
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US Oil Falls After Flirting With 2016-High
US oil futures flirted with new highs for 2016 on Friday, adding to strong gains the previous session as optimism grew that major producers would strike a deal to freeze output, while a more benign interest rate environment also supported prices.
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US Oil Falls Close to 12-Year Lows Amid Brimming Stockpiles
US oil prices fell for a six straight day on Thursday, approaching 12-year lows hit last month, weighed by brimming crude inventories and a Goldman Sachs forecast that prices would remain low and volatile until the second half of the year.
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Oil Ends Down More Than 2% as US Drilling Points to Glut
US crude dipped below the $40 threshold following weekly data that showed US energy firms added two oil drilling rigs last week, the fifth increase in a row. The rise in the number of rigs emerging after a second quarter lull in prices is adding to concerns US shale production is proving slow to respond to falling prices, prolonging a global glut.
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U.S. Oil Busts Through $90/Bbl For First Time Since 2014
Global benchmark Brent crude settled at $91.11 a barrel, up $1.64, or 1.8%, while West Texas Intermediate crude soared $2.01, or 2.3%, higher to end at $90.27 a barrel, the first time the U.S. benchmark has closed above the $90-level since Oct.6, 2014.
-
U.S. Oil Busts Through $90/Bbl For First Time Since 2014
Oil prices surged in late-day trading Thursday, sending the U.S. crude benchmark through $90 a barrel for the first time since 2014 due to ongoing supply worries and as frigid weather cascades across the United States.
-
Oil Prices Edge Higher As US Oil Inventories Fall
In the United States, the average number of daily confirmed coronavirus cases hit a record high of 258,312 over the last seven days, a Reuters tally on Wednesday found.
-
Amid Rising US Fuel Prices, Joe Biden's Message For "Bragging" Oil CEOs
President Joe Biden is "frustrated" by big oil CEOs "bragging" about profits when fuel prices are soaring for ordinary Americans, the White House said Tuesday.
-
US Set To Unveil Emergency Oil Release In Bid To Fight High Prices
The United States is expected to announce a loan of crude oil from its emergency stockpile on Tuesday as part of a plan it hashed out with major Asian energy consumers to lower energy prices.
-
Day After Historic Crash, US Oil Prices Rebound At $10.01 Per Barrel
A day after its historic slide into negative territory amid a supply glut, US oil futures finished in positive territory Tuesday although the market remained under heavy pressure.
-
Trump Orders Plan To Fund US Oil Firms After Record Low Prices
US President Donald Trump on Tuesday ordered his administration to come up with a plan to aid US oil companies struggling with a massive supply glut and record-low crude prices.
-
US Oil Prices Rebound Into Positive Territory After Historic Crash
US oil prices rebounded above zero Tuesday, a day after futures ended in negative territory for the first time as a coronavirus-triggered collapse in demand leaves the world awash in crude.
-
US To Add 75 Million Barrels Of Oil To Strategic Reserves, Says Trump
President Donald Trump said Monday the US would take advantage of the historic drop in oil prices to buy 75 million barrels to replenish the national strategic stockpile.
-
US Crude Oil Price Goes Negative For The First Time In History
The US benchmark crude oil price collapsed on Monday, falling to one cent a barrel amid an epic supply glut caused largely by the coronavirus pandemic's hit to demand.
-
US Oil Prices Top $50 Per Barrel For First Time Since June
The drop in US oil inventories in Wednesday's weekly US report added to momentum after last week's OPEC announcement of an output cut.
-
US Investors Look for Trough in Profit Downturn
As earnings season shifts into high gear next week in what is expected to be the weakest US quarterly results reporting period since 2009, the hope among some is that this is as bad as it's going to get.
-
US Oil Falls After Flirting With 2016-High
US oil futures flirted with new highs for 2016 on Friday, adding to strong gains the previous session as optimism grew that major producers would strike a deal to freeze output, while a more benign interest rate environment also supported prices.
-
US Oil Falls Close to 12-Year Lows Amid Brimming Stockpiles
US oil prices fell for a six straight day on Thursday, approaching 12-year lows hit last month, weighed by brimming crude inventories and a Goldman Sachs forecast that prices would remain low and volatile until the second half of the year.
-
Oil Ends Down More Than 2% as US Drilling Points to Glut
US crude dipped below the $40 threshold following weekly data that showed US energy firms added two oil drilling rigs last week, the fifth increase in a row. The rise in the number of rigs emerging after a second quarter lull in prices is adding to concerns US shale production is proving slow to respond to falling prices, prolonging a global glut.
